Source of Wealth Verification for High-Risk Clients
For your highest-risk customers, one transaction is not the question; their whole fortune is. We build the source of wealth verification that explains and evidences how a customer became as wealthy as they are.
Explaining a Customer's Entire Financial Picture
Source of wealth is the bigger question behind the money. It asks how a customer built everything they own, through career earnings, a business, inheritance, investments, or property. For politically exposed and high-net-worth customers, you must be able to explain and evidence that whole picture, not just one payment.
Wealth and Funds Answer Different Questions
Source of funds and source of wealth are constantly confused. Source of funds is the origin of the specific money in a transaction. Source of wealth is how the customer accumulated their assets over a lifetime. For high-risk relationships you often need both, but they are proven differently, and we make sure your files establish the one, or the two, your obligation actually demands.
Wealth Origin
We establish how the customer built their overall wealth across their life.
Evidence Building
We gather the records that substantiate a customer's wealth, from business to inheritance.
Coherence Testing
We test whether the stated wealth is consistent with the customer's profile.
Defensible Records
We document the source of wealth so it withstands examination and audit.
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Businesses We Support With SoW
We build source of wealth verification for money services businesses, payment providers, cryptocurrency platforms, currency exchanges, real estate firms, and the many other reporting entities serving higher-risk customers under the PCMLTFA.
We support banks with program design, oversight, & regulatory examination readiness.
We help credit unions meet obligations proportionate to their membership and scale.
We handle registration, renewals, reporting, & controls FINTRAC expects from you.
We cover Bank of Canada registration alongside your anti money laundering obligations.
We establish what your wallet activity triggers, then build only what applies.
We build compliance around what your product does, before volumes and questions arrive.
We register virtual currency dealers and build the reporting their activity demands.
We support financial institutions across registration, program build, and reporting duties.
Why Businesses Choose Our Approach
Whole Picture
We explain how a customer built their entire wealth, not just one payment, so the full story genuinely holds together.
Properly Distinguished
We keep source of wealth and source of funds separate, so you evidence exactly what your obligation calls for.
Coherence Checked
We test whether the wealth story is consistent, catching the gaps and contradictions that signal real risk.
Serving Businesses Across Canada
We deliver source of wealth verification right across Canada, from Toronto and Montreal to Vancouver and Calgary, and for foreign reporting entities carrying Canadian obligations wherever they happen to operate.
Let's Talk About Your Compliance Needs
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Whether you’re starting a new MSB or need ongoing AML support, our team responds within one business day.
Source of Wealth Questions
Clear answers to the questions Canadian businesses ask most about establishing and evidencing a customer’s source of wealth under the PCMLTFA.
What is source of wealth?
How a customer accumulated their overall assets, through earnings, business ownership, inheritance, investments, or property built up over time.
How does it differ from funds?
Source of wealth is the whole financial picture. Source of funds is the origin of the specific money in a single transaction.
When must we establish source of wealth?
Typically for politically exposed and high-net-worth customers, where enhanced due diligence requires explaining their overall wealth, not one payment.
What evidence supports source of wealth?
Records such as business accounts, employment history, inheritance documents, investment statements, or property records that build the wealth picture.
Why does source of wealth matter?
Because unexplained wealth is a money laundering red flag. Establishing how a customer became wealthy shows their assets are legitimate.